Crown (NYSE:CCK)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research report issued on Tuesday, December 19th.
A number of other brokerages have also weighed in on CCK. Jefferies Group set a $70.00 price objective on Crown and gave the company a “buy” rating in a report on Monday, August 28th. ValuEngine lowered Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research upgraded Crown from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Monday, October 2nd. UBS Group began coverage on Crown in a report on Wednesday, November 29th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and set a $65.00 price target on shares of Crown in a report on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Crown presently has an average rating of “Hold” and an average target price of $64.27.
Shares of Crown (NYSE:CCK) traded up $0.86 during trading on Tuesday, hitting $57.47. 2,730,000 shares of the company traded hands, compared to its average volume of 1,700,000. The stock has a market cap of $7,720.00, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.85 and a beta of 1.42. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. Crown has a 52-week low of $51.76 and a 52-week high of $62.27.
Several institutional investors have recently made changes to their positions in the company. Polianta Ltd acquired a new position in shares of Crown during the fourth quarter worth about $1,181,000. AXA lifted its stake in Crown by 10.9% during the third quarter. AXA now owns 163,200 shares of the industrial products company’s stock worth $9,746,000 after purchasing an additional 16,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Crown during the third quarter worth approximately $731,000. IFM Investors Pty Ltd purchased a new stake in Crown during the third quarter worth approximately $365,000. Finally, Neuberger Berman Group LLC lifted its stake in Crown by 17.0% during the third quarter. Neuberger Berman Group LLC now owns 2,078,991 shares of the industrial products company’s stock worth $124,157,000 after purchasing an additional 302,595 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.
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Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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